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The Relative Strength Index of the stock stood at 46.68 on Monday.

Now, looking forward, yes, food inflation is going to be an upside risk, but on the positive side we have El Nino turning to La Nina, which essentially means that we should be getting good rainfall this year, which should stem some of those risks.

​On July 12, five stocks from the Nifty200 pack appeared in the RSI Trending Up scan, according to the stockedge.com data.

​It is not only about India, India is like we have seen extraordinary valuation for this thing, it was grossly over-owned. So, we have been cautious. But that does not mean that if any stock hit any inflection point, extreme hated zone or neglected zone for a while for whatever reasons, we will capture those movement and we have captured very recently a very large movement in one of these stocks also.

One of the primary reasons traders lose money is the absence of a clear trading strategy. According to research by Bloomberg, over 80% of day traders quit within the first two years, often due to insufficient strategies.

The company plans to raise funds through an offer of equity shares (face value Re 1 each) through initial public offerings. The offer comprises a fresh issue of equity shares, aggregating up to Rs 800 crore and an offer for sale (OFS) of up to 61,573,120 equity shares by selling shareholders.

Small & midcap funds outperformed Nifty50 in June 2024, with PMS managers advising caution due to stretched valuations. Top performers achieved 14-24% returns. Fund managers express confidence in stock selection. Small & midcaps have surged in the past year, outperforming largecaps. InCred Multicap portfolio delivered a 14% return.

​A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment.

A total of 10,478 shares changed hands on the counter till time (IST).

The stock traded at a P/E multiple of 12.17, while the price-to-book value ratio stood at 1.18.